VINE Token Surges 400% in July on Musk Hype and Whale Buys

Key Points

• VINE Token jumps 400% in July following Musk’s Vine revival tease
• Whale wallet invests $3.19M in VINE, boosting DEX holder count
• On-chain volume hits $68M with 138K transactions in one week
• 40% of VINE supply sits in top 10 wallets, sparking centralization concerns

The VINE Token has taken the spotlight in July as one of the fastest-growing meme coins on Solana. It recorded a jaw-dropping 400% surge, driven by renewed interest in the original Vine platform — thanks to Elon Musk.

On July 24, Musk hinted at reviving Vine with AI-powered features, reigniting public curiosity. The VINE Token, launched earlier by Vine’s co-founder Rus Yusupov, rode that wave. Unlike the typical Musk effect, where meme coins spike and dump overnight, VINE has maintained traction.

Whale 8RwxXR withdrew 17,082 $SOL($3.19M) from #Binance to buy 22.4M $VINE 6 hours ago.

This whale previously lost $125K trading $PUMP.https://t.co/fIJ5ISBTck pic.twitter.com/POBkl6oF9s

— Lookonchain (@lookonchain) July 28, 2025

This isn’t the first time Musk’s influence has triggered massive market moves. The same hype cycle has affected everything from DOGE to lesser-known assets. Still, VINE’s momentum has outperformed many of its meme coin peers — similar to how Hulk Hogan’s meme coin recently stirred the market.

The biggest buy came from whale wallet 8RwxXR on July 28, which withdrew 17,082 SOL (worth $3.19 million) from Binance to buy 22.4 million VINE tokens. This act alone helped push VINE’s DEX holder count to nearly 100,000.

Whale Accumulation Pushes Market Confidence Higher

Major whales are currently powering the growth of the VINE Token, keeping market sentiment bullish.

According to Solscan, VINE has seen over 138,000 transactions and $68 million in trading volume over the last seven days. The highest single-day volume came on July 27, with $18.27 million in buys and $17.52 million in sells — a sign of healthy liquidity.

Now trading at around $0.15, VINE holds a market cap of approximately $150 million, making it the top-performing Solana-based token in the past week, as reported by CoinMarketCap.

Vine On-chain and DEX Activity. Source: Solscan – Techtpken

While impressive, it’s not without risk. Many investors still remember how quickly high-performing tokens can falter. One example includes Ripple’s co-founder dumping $140M worth of XRP after a peak, causing ripples (pun intended) across the market.

Some crypto analysts, like Gem Detector, believe this is only the beginning.

“It’s approaching 100,000 holders on DEX only. With low selling pressure and growing attention, $500M market cap isn’t far-fetched.”

VINE Token Price Performance Over The Past 90 days. Source: Techtoken

Still, the market’s history has shown how even top tokens can suddenly shift, as seen in the Ethereum 10-Year Uptime milestone, where long-term stability and decentralization were key talking points — something VINE still has to prove.

Centralization Raises Concerns Among Investors

Despite the hype, the VINE Token faces a significant challenge: centralized supply distribution.

Currently, 40% of VINE’s supply is controlled by just 10 wallets. These include Tier 1 and Tier 2 CEXs and liquidity pools. While this may include exchange wallets, it’s unclear how much is in the hands of large private holders.

$VINE pumped from $37M to $175M since the day Elon Musk say will bring Vine back in AI form.

It’s approaching 100,000 holders on DEX only and 40% supply distributed in top 10 wallets (including Tier 1-2 CEXs and LP)

Not many people have taken advantage of the cheap entry, and… pic.twitter.com/5eCuTipu0U

— 🕵️GEM DETECTER🕵️ (@gem_detecter) July 28, 2025

This concentration could lead to extreme volatility. If one or more whales decide to exit, the resulting dump could trigger massive price drops — a risk many meme coins face.

The concern is similar to what happened with Tornado Cash, where centralization and regulatory risks played a major role in the protocol’s decline. While VINE isn’t facing legal issues, its vulnerability lies in market-driven sell-offs.

The VINE Token team hasn’t yet shared a roadmap or updated tokenomics, leaving investors with unanswered questions. Without clear distribution plans or upcoming utility use cases, it’s hard to gauge whether the current momentum is sustainable.

For now, FOMO is keeping it alive,  but long-term success will depend on how well the project decentralizes and develops beyond being just another meme coin.

What’s Next for the VINE Token?

As VINE continues to trend, the next steps will determine if it can break into the top tier of crypto projects.

Key areas to watch include:

• Whether Elon Musk follows up on his Vine-AI comments

• More whales or retail users joining in

• Broader token distribution

• Developer transparency and ecosystem expansion

If it can tick these boxes, the VINE Token could have a serious shot at longevity — much like how Ethereum built trust over a decade of flawless uptime.

But if the hype fades and whales pull out, it could just as easily crash, as many meme coins have done before.